Common use of Reorganization Status Clause in Contracts

Reorganization Status. The parties intend that the transactions contemplated under this Agreement qualify as a “B reorganization” as defined in I.R.C. § 368(a)(1)(B) and shall file all required elections and returns to report this transaction consistent with such intent.

Appears in 3 contracts

Samples: Exchange Agreement (Nanotailor, Inc.), Exchange Agreement (Nanotailor, Inc.), Exchange Agreement (Nanotailor, Inc.)

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Reorganization Status. The parties intend that the transactions contemplated under this Agreement qualify as a "B reorganization" as defined in I.R.C. § Sec. 368(a)(1)(B) and shall file all required elections and returns to report this transaction consistent with such intent.

Appears in 1 contract

Samples: Exchange Agreement (Dynamic Biometric Systems, Inc.)

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Reorganization Status. The parties intend that the transactions contemplated under this Agreement qualify as a “B "reorganization" as defined in I.R.C. § 368(a)(1)(BI. R. C. Section 368(a)(1)(C) and shall file all required elections and returns to report this transaction consistent with such intent.

Appears in 1 contract

Samples: Asset Exchange Agreement (Ebiz Enterprises Inc)

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